Preparing yourself with a comprehensive retirement plan is more important than ever. We are all living longer and it is vital that you have a strategy to ensure you don’t outlive your money. Here are some simple things that can help you to make the most of your retirement fund.
Look at your 401(k) plan
A key part of a successful retirement strategy is creating an effective income stream from your savings. Keep your money in the 401(k) if your plan allows you to make regular withdrawals or pays out in instalments. If your 401(k) only allows you to take out a lump sum, it may be worth transferring the savings to a separate retirement account.…Continue reading